Sumitomo Mitsui Trust Group Inc. Purchases 8,789 Shares of ArcelorMittal $MT

Posted by Brenda Bartman on Nov 9th, 2026

Sumitomo Mitsui Trust Group Inc. acquired a new position in ArcelorMittal (NYSE:MT – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,789 shares of the basic materials company’s stock, valued at approximately $587,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MT. Maple Rock Capital Partners Inc. lifted its holdings in shares of ArcelorMittal by 54.9% in the second quarter. Maple Rock Capital Partners Inc. now owns 2,190,860 shares of the basic materials company’s stock valued at $131,934,000 after buying an additional 776,595 shares during the period. ABC Arbitrage SA bought a new stake in ArcelorMittal in the first quarter worth about $3,819,000. Arrowstreet Capital Limited Partnership raised its position in ArcelorMittal by 1,317.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 75,105 shares of the basic materials company’s stock worth $3,904,000 after acquiring an additional 69,805 shares in the last quarter. First Trust Advisors LP lifted its holdings in ArcelorMittal by 275.8% in the 1st quarter. First Trust Advisors LP now owns 55,311 shares of the basic materials company’s stock valued at $2,875,000 after acquiring an additional 40,593 shares during the last quarter. Finally, Icon Advisers Inc. Co. lifted its holdings in ArcelorMittal by 140.7% in the 1st quarter. Icon Advisers Inc. Co. now owns 65,000 shares of the basic materials company’s stock valued at $3,379,000 after acquiring an additional 38,000 shares during the last quarter. Institutional investors own 9.29% of the company’s stock.

ArcelorMittal Stock Performance

Shares of NYSE MT opened at $61.03 on Monday. The stock’s fifty day simple moving average is $67.33 and its 200 day simple moving average is $63.93. The stock has a market capitalization of $47.30 billion, a price-to-earnings ratio of 45.21, a PEG ratio of 0.67 and a beta of 1.55. The company has a quick ratio of 0.53, a current ratio of 1.41 and a debt-to-equity ratio of 0.21. ArcelorMittal has a 52-week low of $38.67 and a 52-week high of $79.68.

ArcelorMittal (NYSE:MT – Get Free Report) last announced its earnings results on Thursday, November 5th. The basic materials company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.80 by $0.35. ArcelorMittal had a return on equity of 4.89% and a net margin of 1.64%. The business had revenue of $16.47 billion during the quarter, compared to the consensus estimate of $17.77 billion. During the same period in the prior year, the business posted $0.62 earnings per share. ArcelorMittal’s revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts forecast that ArcelorMittal will post 3.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

MT has been the subject of several research reports. UBS Group upgraded shares of ArcelorMittal from a “neutral” rating to a “buy” rating in a research report on Friday, October 9th. JPMorgan Chase & Co. upgraded shares of ArcelorMittal from a “neutral” rating to an “overweight” rating in a report on Thursday, October 15th. Morgan Stanley initiated coverage on shares of ArcelorMittal in a research note on Monday, August 24th. They set an “overweight” rating and a $82.00 target price for the company. Wells Fargo & Company reduced their target price on shares of ArcelorMittal from $69.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, October 6th. Finally, Weiss Ratings lowered shares of ArcelorMittal from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 29th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.55.

Check Out Our Latest Stock Analysis on MT

Key ArcelorMittal News

Here are the key news stories impacting ArcelorMittal this week:

Positive Sentiment: Third-quarter EPS of $1.15 beat the $0.80 consensus, while revenue rose 5.2% year over year. Reports also cited higher production, sales and EBITDA, supporting the view that operating performance improved. ArcelorMittal Q3 EBITDA, Sales Rise On Higher Production
Positive Sentiment: European market strength may be helping margins: the company said higher steel tariffs were boosting profits, and European flat-steel shipments rose from the prior quarter despite typical seasonal patterns. ArcelorMittal beats profit expectations as European market strengthens
Neutral Sentiment: ArcelorMittal also reported production for the third quarter and first nine months of 2026; the article listing provided no specific figures to assess the operational trend. Production results
Negative Sentiment: Revenue of $16.47 billion fell short of the $17.77 billion analyst estimate. A separate report said ArcelorMittal recorded a $391 million third-quarter loss following a shutdown in Ukraine, a counterweight to the adjusted earnings beat. ArcelorMittal posts $391 million Q3 loss after Ukraine shutdown

ArcelorMittal Company Profile

(Free Report)

ArcelorMittal is a global steel and mining company that produces steel products for customers across industries including automotive, construction, energy, appliances and packaging. Its offerings include flat and long steel products, as well as iron ore and metallurgical coal used in steelmaking.

The company operates across the Americas, Europe and other regions, combining mining and steelmaking activities with research and product development. ArcelorMittal was formed in 2006 through the merger of Arcelor and Mittal Steel.

Aditya Mittal is the company’s chief executive officer, and Lakshmi N.